OTHER NEWS - Dec. 17, 1994
From Times Staff and Wire Reports
GE Announces 14% Raise in Dividend: With the outlook for its businesses strong, General Electric Co. said it will raise its quarterly dividend to 41 cents a share and may buy back up to $5 billion of its common stock over the next two years. GE had 1.7 billion shares outstanding as of Sept. 30. The new dividend is payable Jan. 25 to shareholders of record Dec. 30. The company has earned nearly $4 billion through the first nine months of 1994 on sales exceeding $46 billion. Revenue for 1993 was $60 billion.
